Definition of bobble. 1  1 : a repeated bobbing movement. 2  2 : a small ball of fabric; especially : one in a series used on an edging. 3  3 : error, mistake; especially : a mishandling of the ball in baseball or football.
Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance, mechanic's lien or otherwise, securing or evidencing the payment of money and affecting more than one unit in a condominium, or an agreement affecting more than one such unit by which the developer holds such condominium under an option, contract to sell or trust ...
DEFINITION of 'Blanket Mortgage'. A mortgage which covers two or more pieces of real estate. The real estate is held as collateral on the mortgage, but the individual pieces of the real estate may be sold without retiring the entire mortgage.